India, May 7 -- (Adds outlook, share movement)
Shares of The Hain Celestial Group, Inc. (HAIN) were trading down over 15% in the pre-market activity on Tuesday after the company revised down its full-year guidance, citing slower than expected volume recovery, a volatile macro-economic environment, and increased spending for promotional activities to boost its brand reach. In addition, the company also announced that Wendy Davidson is departing as its Chief Executive Officer.
Looking ahead, for fiscal 2025, Hain Celestial now expects its organic net sales to decline by around 5 to 6%, compared with the previous outlook for a decline of 2 to 4%.
The Group now anticipates annual adjusted EBITDA of around $125 million against its previous ou...